federal reserve system

1. The central bank of the United States;
   Incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies (synset 108367397)
   "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"
   is a type of: central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
   member holonym:

   • federal reserve bank, reserve bank - one of 12 regional banks that monitor and act as depositories for banks in their region
   • national bank - a commercial bank chartered by the federal government
   • member bank - a bank that is a member of the Federal Reserve System
   same as: fed, federal reserve, frs

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